>> well, europe is toast, and maybe the euro is toast in the long term, but the problem is that in the long term, we are all dead and the euro is, too. but getting to the shorter term, the u.s. is really the best house on a bad block, and the bad block includes japan, china, europe, and the u.s. is the best looking place, and on the other hand, the dollar is not acting well. >> and when do the currency traders figure that out? >> i argue that in the next six years the dollar is stronger, but tomorrow, jesus, who knows, it could be anything. >> would you surprise a violent reaction to the fed if they decide to taper in mark, or has the market baked in some it? >> i don't think that there is a reaction at all, because for start, the u.s. treasury does not need as much money, because the deficit is down and why do they need $85 billion a month and the housing market, does it need that much money, too?